12/29/05
Marketplace PM for December 29, 2005
Episode Description:
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Suite deal
America's third largest hotel, Hilton Hotels, is reuniting with Britain's Hilton Group. The two companies were separated more than forty years ago. From London, Stephen Beard reports.
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Short-lived Independence
DC-based bankrupt airline Independence Air has told its employees it will shut down January 7th if its parent company can't find a buyer or major investors. That means small cities up and down the East Coast may see higher fares. Janet Babin reports.
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Iraq's volatile marketplace
There are some small stirrings of life in the Iraq economy, but also a lot of uncertainty. Ben Gilbert reports from Baghdad.
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Lobbying firms: The new start-ups?
2005 looks like a banner year for venture capital. The money's being invested in all sorts of high-flying industries: High tech, biochemicals, health care and, as commentator Jeff Birnbaum notes -- lobbying.
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Talking about REAL money.
When we at Marketplace tell you about companies merging, breaking up, or restating their earnings, there's a measurement we haven't used much lately: The million. Ayala Ben-Yehuda tells us what's happened to that lowly number.
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The state of the unions
Between bankrupt airlines and auto companies losing billions, it's been a tough year to be a union worker. Host Tess Vigeland speaks to labor economist Harley Shaiken about the year in labor.
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Their cup runneth over
California winemakers says the quality of this year's grapes is excellent, and the 2005 vintage should be very special. But a bumper crop doesn't always mean good news for grape growers. From Sonoma County, Patrick Hirsch reports.
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